ARTICLES ABOUT INVESTMENT BANKING BY DATE - PAGE 2

NEW DELHI: Religare Global Asset Management (RGAM) has appointed Nalin Nayyar as its new CEO. Nayyar will report to Religare Enterprises Limited (REL) Group CEO, Shachindra Nath . "Nalin's experience in diverse areas including corporate finance, capital markets and asset management will be a great value addition to the RGAM platform," said Nath. "With Nalin's experience in corporate finance, I am confident that we will be able to solidify our position in executing RGAM's strategy of building on the AUM, launching more products and expanding our affiliate base," he added.

Goldman Sachs Group Inc reported a 7 per cent drop in quarterly profit as investment banking revenue slid and an unexpected bout of market volatility in December hit revenue in its business that trades bonds, currencies and commodities. Goldman's net income fell to $2.17 billion, or $4.38 per share, in the fourth quarter from $2.33 billion, or 4.60 per share, a year earlier. Analysts had expected earnings of $4.32 per share. It was not immediately clear if the figures reported on Friday were comparable.

By Nicholas Comfort The co-chief executive officers of Frankfurt based Deutsche Bank have a problem. Of all the stocks of global investment banks, none is as unloved by investors as their own. Jain and Fitschen told investors when they took charge in 2012 that spending money to meet the capital requirements of the bank's trading business would pay off this year as competitors retrenched. Instead, Deutsche Bank shares fell 35% in the past 12 months, the biggest decline among major global investment banks, as trading revenue decreased and litigation costs soared.

MUMBAI: Investment banks are hoping to ride on higher deal volumes in 2015, driven by an expected consolidation among power, telecom companies and infrastructure developers and an uptick in outbound mergers and acquisitions by Indian companies in healthcare, information technology and capital goods. "The business environment has turned distinctively positive after the election results in May 2014," said Ravi Kapoor, head of corporate and investment banking at Citigroup India. "The improved corporate confidence will translate into higher M&A activity by Indian companies as well as renewed inbound interest from international acquirers," he said.

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on the banking space. Excerpts: ET Now: The big relief for an HDFC Bank shareholder that finally FIIs will be able to participate and that really to an extent mirrored the kind of move that happened in the Bank Nifty yesterday. From a trading perspective, how big a positive could it be for HDFC Bank? Can it finally outperform the large private banking space because the others have done that and HDFC has not?

Strategic overseas will move faster and invest in India, unlike portfolio investor as the change in government has reposed overseas investors' confidence says Richard Taylor , global co-head investment banking for Barclays Bank. "With the kind of conversations we have started clearly shows that the long term interest stays and that they are now closely evaluating opportunities and their decisions to actually make investment is solid, Taylor tells ET. Edited Excerpts- Do you see any visible signs of mergers and acquisitions picking up?

MUMBAI: Essel Finance will soon acquire a majority stake in Chennai-based VKC Credit and Forex, a money changing services company, in a move that will enable the finance company to expand its retail footprint. Last week, Essel Finance, part of Subhash Chandra's Essel Group, and VKC Credit approached the Reserve Bank of India (RBI) to seek clearance for the proposed deal. Essel Finance managing director Amitabh Chaturvedi confirmed the deal but declined to share the consideration price.

MUMBAI: Vikas Khemani's initiation into the ways of the market was a harsh one. In 1992, the 17-year-old Class 12 student began picking up stocks in initial public offerings with money from his father, a textile trader in Surat. Four years later, that Rs 4 lakh portfolio was wiped out. "I bought 100 shares of brokerage Prime Securities in 1992 at Rs 101 through a public offer and I held on to the shares despite it having more than doubled in two years," said Khemani, 39, now chief executive officer of Edelweiss Financial Services.

MUMBAI: Describing itself as a 'deeply entrenched domestic bank' in India, global banking giant Citi's Indian arm says it sees a tremendous opportunity for itself from the government's 'Make in India' campaign. Many global multinational clients of Citibank have evinced interest in having a larger footprint in India and to invest more here, which gives it a significant opportunity to participate in the government's Make in India programme, Citi India CEO Pramit Jhaveri said.

NEW DELHI: Micromax Informatics on Wednesday appointed Amarinder S Dhaliwal , former co-founder and chief executive of Donebynone.com , as the Chief Operating Officer for its new Internet brand, YU. Dhaliwal will work closely with Rahul Sharma, co-founder Micromax, to build an innovative digital brand that engages directly with the user community, the company said in a statement. "He (Dhaliwal) will be leading marketing initiatives for building the brand with a community of highly engaged users, driving revenue from product and services and setting-up world class internet operations," Sharma said.